Georgian Mining Corporation Board Change (0983C)

TIDMGEO

RNS Number : 0983C

Georgian Mining Corporation

17 January 2018

Georgian Mining Corporation / EPIC: GEO / Sector: Natural Resources

17 January 2018

Georgian Mining Corporation ('GEO' or the 'Company')

Board Change

Georgian Mining Corporation is pleased to announce the appointment of Mr Michael Struthers (Chief Operating Officer) to the Board of the Company with immediate effect. Mr Struthers is a Chartered Engineer with over 37 years of international mining experience. He replaces Mr Martyn Churchouse, who is stepping down as Exploration Director but will continue to work on behalf of the Company as a senior adviser focussed on business development.

The Board change reflects progress made at the 860 sq km licence located on the Tethyan Belt in Georgia. While exploration work continues at the Kvemo Bolnisi East Project ('KB' or the 'Project') to deliver the overall copper-gold resource target, management is in the final stages of negotiations with its joint venture partner on the project to advance the gold oxide deposit to production, utilising its partner's neighbouring processing facilities. The appointment to the Board of Mr Struthers, an experienced project manager, will assist the Company as it makes the transition from explorer to mine developer/producer over the coming year.

As detailed in the announcement of 21 December 2017, Mr Struthers has a proven track record in mine development and management having worked as a project manager with leading global mining companies such as Lundin Mining Corporation, and on mines at various stages of development including at feasibility, construction and mine expansion phases.

Georgian Mining Corp Managing Director Greg Kuenzel said, "I would like to thank Martyn for his contribution as Exploration Director, specifically in helping put together the epithermal copper gold mineralisation model we have now adopted at KB as well as the consequent maiden resource which is now the focus for mine development and production by the JV. With his first-class track record in mine construction and optimisation, I am confident Mr Struthers' expertise will enable GEO to transform into a development company whilst continuing to create value through continued exploration at KB and the rest of the JV licence block. This is an important milestone as we look to establish KB as a world class copper-gold asset on the prolific Tethyan Belt."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit www.georgianmining.com or contact:

 
 Greg Kuenzel     Georgian Mining          Company        Tel: [phone] 
                   Corporation                             9327 
 Ewan Leggat      S. P. Angel Corporate    Nomad &        Tel: [phone] 
                   Finance LLP              Broker         0470 
 Soltan Tagiev    S. P. Angel Corporate    Nomad &        Tel: [phone] 
                   Finance LLP              Broker         0470 
 Damon Heath      Shard Capital Partners   Joint Broker   Tel: 0207 
                   LLP                                     186 9950 
 Frank Buhagiar   St Brides Partners       PR             Tel: [phone] 
                   Ltd                                     1177 
 Susie Geliher    St Brides Partners       PR             Tel: [phone] 
                   Ltd                                     1177 
 

Appendix

Michael Anthony Struthers, aged 58, currently holds or has held the following directorships and partnerships in the last five years:

 
 Current Directorships   Past Directorships 
----------------------  ------------------- 
 MS&A Consulting 
  Limited 
----------------------  ------------------- 
 

This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 17, 2018 02:00 ET (07:00 GMT)